News / USA

Boehner: Obama, Republicans Hold 'Useful' Talks on Debt Limit

Boehner: Obama, Republicans Hold 'Useful' Talks on Debt Limiti
X
October 11, 2013 7:57 AM
The U.S. government's partial shutdown is entering its 11th day, with signs of movement on possible deals to reopen the U.S. government and raise the debt ceiling so the United States has money to pay its bills.

Boehner: Obama, Republicans Hold 'Useful' Talks on Debt Limit

VOA News
There was movement Thursday on a possible deal to reopen the U.S. government and raise the debt ceiling so the United States does not run out of money to pay its bills.

President Barack Obama held separate meetings at the White House Thursday with top congressional Democrats and Republicans.

The White House said that while no specific decisions were made, the president looks forward to making continued progress with members from both parties.

Republican House Speaker John Boehner's office called the talks useful and productive and said meetings will continue throughout the night.

Earlier Thursday, House Republicans offered a six-week increase in the debt limit. The current debt ceiling expires October 17.

White House spokesman Jay Carney said the president is encouraged that, in Carney's words, "cooler heads seem to be prevailing in the House." The president has said letting the United States default on its debts would be a catastrophe for the global economy.

News of a possible debt ceiling deal sent U.S. markets soaring. The three major stock indexes rose more than 2 percent Thursday.

Boehner has been insisting on linking negotiations on spending cuts to any bill raising the debt ceiling. He also has demanded talks on the president's health care program before letting the House vote on reopening the government.

Senate Democratic Leader Harry Reid has said there will be no negotiations until the government is reopened, and claims the nearly two-week-old shutdown has caused pain and suffering across the country.

Treasury Secretary Jack Lew told a Senate panel that it would be a "grave mistake" to fail to increase the debt ceiling by the October 17 deadline.

"The United States should not be put in a position of making such perilous choices for our economy and our citizens. There is no way of knowing the irrevocable damage such an approach would have on our economy and financial markets," continued Lew.

He said if the debt ceiling is not raised, the Treasury would only have about $30 billion on hand and some incoming revenue, but not enough to pay all its bills.

You May Like

Reports of Mass Murder on Mediterranean Smuggler’s Boat

Boat sailed from Libya with 750 migrants aboard and arrived in Italy with 569 More

Video New Thailand Hotline Targets Misbehaving Monks

Officials say move aims to restore country’s image of Buddhism, tarnished by recent high profile scandals such as opulent lifestyle, drug and alcohol abuse, as well as child sex abuse More

Study: Dust from Sahara Helped Form Bahama Islands

What does the Sahara have in common with a Caribbean island? Quite a lot, researchers say More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Astronauts Train in Underwater Labi
X
George Putic
July 25, 2014 7:25 PM
In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.
Video

Video Not Even Monks Spared From Thailand’s Junta-Backed Morality Push

With Thailand’s military government firmly in control after May’s bloodless coup, authorities are carrying out plans they say are aimed at restoring discipline, morality and patriotism to all Thais. The measures include a crackdown on illegal gambling, education reforms to promote students’ moral development, and a new 24-hour phone hotline for citizens to report misbehaving monks. Steve Sandford reports from Bangkok.
Video

Video Virtual Program Teaches Farming Skills

In a fast-changing world beset by unpredictable climate conditions, farmers cannot afford to ignore new technology. Researchers in Australia are developing an online virtual world program to share information about climate change and more sustainable farming techniques for sugar cane growers. As VOA's Zlatica Hoke reports, the idea is to create a wider support network for farmers.
Video

Video Airline Expert: Missile will Show Signature on Debris

The debris field from Malaysia Airlines Flight 17 is spread over a 21-kilometer radius in eastern Ukraine. It is expected to take investigators months to sort through the airplane pieces to learn about the missile that brought down the jetliner and who fired it. VOAs Carolyn Presutti explains how this work will be done.
Video

Video Treatment for Childhood Epilepsy Heats up Medical Marijuana Debate

In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Airbus Adds Metal 3D Printed Parts to New Jets

By the end of this year, European aircraft manufacturing consortium Airbus plans to deliver the first of its new, extra-wide-body passenger jets, the A350-XWB. Among other technological innovations, the new plane will also incorporate metal parts made in a 3-D printer. VOA's George Putic has more.
Video

Video AIDS Conference Welcomes Exciting Developments in HIV Treatment, Prevention

Significant strides have been made in recent years toward the treatment and prevention of HIV, the virus that causes AIDS. This year, at the International AIDS Conference, the AIDS community welcomed progress on a new pill that may prevent transmission of the deadly virus. VOA’s Anita Powell reports from Melbourne, Australia.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.

AppleAndroid